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pete807

05/03/21 8:00 AM

#650 RE: Invest83838 #648

No worries. No fractional income to report via distribution (K1) Just the capital gain on the appreciation WHICH IS HIGHER and taxed... Will be soon taxed more if the tax bill passes.

I use both, swing trade for double return appreciation like you discovered and long holding of free core shares to collect generous distribution, because the position has already returned all the capital.

My accountant loves her job and welcomes K1 reports which are very simple and available she says.

The amount of MLP partner distribution I have to report in the IRA is quite small and is far from any problem. I only have 5700 shares. I could have many times that and still not qualify.

If you make money trading don't worry about taxes, seek the highest tax bracket you can get too!

It will mean you had the best year of your life!

Best of Luck
-pete